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Management Sciences
MEDIUM
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Management Sciences
Which of the following items should not be capitalized relating to fixed assets?
A
Interest payable on loans or deferred credits taken for the acquisition or construction of fixed assets before they are ready for use
Option A
B
Stand by equipment and servicing equipment
Option B
C
Expenditure incurred on test runs and experimental production
Option C
Administration and general expenses
Correct answer
Correct answer: D
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